RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1329373
- Posted On: Sep 24, 2020
- Updated On: May 11, 2021
Description
Welcome to paradise! This little 18 acre dynamo has it all! 14 cabins from 1 to 5 bedrooms, 5 acres of land to expand into, 98 seasonal sites and 2 overnight spots and plenty of amazing water access on the chain of lakes in this area. All but two sites are full hookup and most enjoy ample sized sites!
This park is situated on Prairie Lake and has 48 slips for amazing access to fishing and water life! Between the boat slips and boat rental – adds about $21,000 income!
This resort includes the tools necessary to run the park and an owners home on property – located behind the office/store. Cabin 7 is amazing and could also be converted to owners quarters if you desire more privacy!
Amenities
- Pool
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
Number of RV Lots: | 100 |
Year Built: | 1970 |
Average RV Lot Rent: | $2,100 |
Size: | 17.7 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $372,000 |
Operating Expense: | $177,000 |
Net Operating Income: | $195,000 |
Expense Ratio: | 47.6 % |
Utility Information
Water: | Well |
Sewer: | Septic |